Dutch Bros (NYSE:BROS) Research Coverage Started at Gordon Haskett

Gordon Haskett began coverage on shares of Dutch Bros (NYSE:BROSGet Rating) in a report released on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $64.00 price target on the stock. Gordon Haskett’s target price indicates a potential upside of 20.78% from the company’s previous close.

A number of other research firms also recently issued reports on BROS. Piper Sandler decreased their target price on shares of Dutch Bros from $85.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, April 5th. JPMorgan Chase & Co. boosted their target price on shares of Dutch Bros from $47.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, December 14th. Cowen decreased their target price on shares of Dutch Bros from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, March 2nd. Zacks Investment Research upgraded shares of Dutch Bros from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Wednesday, January 12th. Finally, Barclays decreased their target price on shares of Dutch Bros from $56.00 to $53.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 15th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $63.70.

Shares of BROS opened at $52.99 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.43 and a quick ratio of 0.27. Dutch Bros has a 1-year low of $32.42 and a 1-year high of $81.40. The company’s fifty day moving average price is $52.88 and its 200-day moving average price is $52.70.

Dutch Bros (NYSE:BROSGet Rating) last announced its quarterly earnings data on Tuesday, March 1st. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). The firm had revenue of $140.08 million for the quarter, compared to analysts’ expectations of $134.70 million. The business’s revenue for the quarter was up 55.8% compared to the same quarter last year. As a group, equities research analysts predict that Dutch Bros will post -0.05 EPS for the current fiscal year.

In other news, major shareholder Tsg7 A. Management Llc sold 5,000,000 shares of the business’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $51.47, for a total transaction of $257,350,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joth Ricci sold 71,125 shares of the business’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $46.08, for a total transaction of $3,277,440.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,127,125 shares of company stock valued at $263,570,510.

Hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new stake in shares of Dutch Bros during the third quarter worth about $41,762,000. Commonwealth Equity Services LLC purchased a new stake in Dutch Bros during the 3rd quarter valued at about $2,233,000. National Asset Management Inc. acquired a new stake in Dutch Bros in the 4th quarter valued at about $267,000. Lord Abbett & CO. LLC purchased a new position in Dutch Bros in the 3rd quarter worth approximately $5,848,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of Dutch Bros during the 4th quarter worth approximately $374,000.

Dutch Bros Company Profile (Get Rating)

Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of December 31, 2021, it operated 538 drive-thru coffee locations in Arizona, California, Colorado, Idaho, Kansas, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, and Washington.

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Analyst Recommendations for Dutch Bros (NYSE:BROS)

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